(Finance) – Today’s protagonist in Piazza Affari is the title Telecom Italiaamong the big names in FTSE MIBwhich closed the session with a rise of 3.14%.
The start of the day was decidedly good for the stock which marked a first price at 0.2904 Euro, settling above the peaks of May 27, and then losing strength during the meeting.
The announcement that TIM, CDP Equity, Kkr, Macquarie and Open Fiber have signed a Memorandum of Understanding to start the integration process of the TIM and Open Fiber networks as an assist from the start.
So the single network will be made, at least this is how the stock exchange has read the commitment from the signing of the letter of intent.
The signature of the MOU “is the first step of a courageous plan for TIMthe largest Italian telecommunications company, “he commented Pietro Labriola, CEO of TIMin a post sent to employees, the signing of the memorandum.
On a weekly basis, the stock’s trend is firmer than the main index of the Milan Stock Exchange. At the moment, therefore, the appeal of investors is directed more decisively to the telephone company compared to the reference index.
The short trend of Telecom is strengthening with area of resistance seen at 0.295, while more immediate support is seen at 0.2776. A continuation of the upside towards 0.3124 is expected.
The investment presents a very high risk of gain / loss, with the daily volatility standing at 3.13. Risk-loving investors appear to be keenly interested intelephone companygiven the high level of daily volumes at 163,889,696, which is higher than the moving average of 86,926,680.